Netherlands-based Adyen’s IPO acquired an enthusiastic reception from traders Wednesday as its inventory surged 70 p.c on the primary day of buying and selling.
The firm had priced its inventory at €240 per share on Tuesday, giving the corporate a valuation of $8.4 billion. When buying and selling started on Euronext as we speak, the value rose to €400.
The opening-day run offers the corporate a $14 billion valuation.
One of Adyen’s earliest and largest traders, Index Ventures, hailed the IPO as a milestone that demonstrated the more and more international ambitions of European startups.
“Adyen is one of the Europe’s biggest success stories, embracing the complexity of the payments world as an opportunity rather than a problem to overcome,” wrote Index accomplice Jan Hammer in a blog post. “Most importantly, it represents the facility and variety of startups which are more and more worldwide, and constructing merchandise with a world imaginative and prescient.
More to come back.